Mumbai Sees 20% Rise in Property Registrations During Navratri
Mumbai: Greater Mumbai, the area under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), witnessed a robust 20% increase in property registrations during the 10 days of Navratri, from September 22 to October 1, 2025. This surge brought the total number of registrations to 6,238, up from 5,199 in the same period last year.
This impressive rise also led to a 17% year-over-year (YoY) increase in state revenue collections, which amounted to Rs 587 crore during the festive period. According to data compiled by global property consultant Knight Frank India, the daily average of registrations improved from 578 units in Navratri 2024 to 624 units in 2025.
September 2025, with a total of 12,070 registrations, emerged as the city's best September in a decade. The shift in the festive calendar played a crucial role, as the Shraddh period concluded earlier (September 7-21, 2025), allowing Navratri to drive sales momentum earlier than in the previous year.
The onset of the festive season rejuvenated buyer activity, supported by stable interest rates, improved affordability, and a growing appetite for premium properties. Higher stamp duty collections mirrored this growth in demand, with daily revenues climbing from Rs 56 crore in 2024 to Rs 59 crore in 2025.
Total revenue collections, primarily driven by the increased registration volume, saw a 17% increase, with total revenue collection of Rs 587 crore in the 10 days of Navratri compared to Rs 502 crore collected in Navratri 2024, as per a Knight Frank report released on Friday.
In 2025, during the Shraddh period, Mumbai recorded property registrations of 3,368 units. The daily average of registrations increased by 5%, from 292 to 306, indicating sustained market activity. Furthermore, revenue collection during Shraddh showed significant growth, with a 21% rise in total revenue, reaching Rs 265 crore in 2025 compared to Rs 219 crore in 2024. There was also a notable 20% increase in average daily revenue, from Rs 24 crore to Rs 20 crore.
Shishir Baijal, Chairman & MD, Knight Frank India, said, 'Mumbai's housing market has once again proven its strength, with a 20% year-on-year growth and the highest festive performance in recent years. This surge, supported by stable interest rates, improving affordability, and the recent GST simplifications, reflects the sustained confidence of homebuyers. Revenue collections of Rs 587 crore further affirm that buyer sentiment remains positive, establishing a strong foundation for continued momentum in the residential market.'
